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PRA to propose new accountability metrics for economic growth duty
The regulator will propose quantitative metrics that Parliament could use to hold the regulator accountable for achieving a new growth objective.
Marcel Le Gouais
,
27 February 2023
Pen Underwriting promotes Simmonds to MD of public-sector division
Seb Simmonds will succeed current divisional MD Nick Colyer, who is set to retire.
Abbie Day
,
27 February 2023
IDF to target $5bn in offered capacity by 2025
As it stands, the Insurance Development Forum has hit $2.2bn in expected or offered risk capacity across 22 ongoing country projects.
Aisling Finn
,
27 February 2023
QBE Syndicate 386 reports 9.5% capacity loss to Names in 2020
The result represented a 4.2-point deterioration from previous mid-point forecasts.
Samuel Casey
,
27 February 2023
Berkshire Hathaway’s reinsurance unit reports $1.39bn profit for 2022
TransRe contributed $986mn of P&C re premium during the year.
Rachel Dalton
,
27 February 2023
Carbon Underwriting hires CNA Hardy’s Gras to lead professional lines
CEO Nick Tye told this publication earlier this month that the company was planning a financial lines launch.
Samuel Casey
,
27 February 2023
Insurance M&A activity reaches 10-year high: Clyde & Co
The Insurance Growth Report said 242 M&A deals took place in H1 of 2022, with a significant drop-off in the second half of the year.
Abbie Day
,
27 February 2023
Optio promotes MD Robinson to CEO
The appointment comes one year after David Robinson joined the firm in March 2022 as managing director.
Abbie Day
,
27 February 2023
Ardonagh Specialty to merge brands into Price Forbes and Bishopsgate
John Thompson, Graham Kilby, Richard Peers and Russ Nichols will take the top jobs.
Rachel Dalton
,
27 February 2023
Lloyd’s 2022 preview: Low-90s combined ratio expected in unusual loss year
A canvass of Lloyd’s market executives generated an expected combined ratio of 92%-93% for 2022.
Catrin Shi
,
27 February 2023
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